Imagine you have a high-tech vending machine: It doesn’t just give you snacks but can also check the news, adjust prices, and solve complex problems. This is what Intelligent Contracts bring to the blockchain—they allow for non-deterministic decisions (decisions that don’t have a fixed outcome), which was something that could only be done with human help before.
For example: the vending machine has to decide what snack to give based on what snacks are trending on Twitter or which items have sold the most today. That’s a non-deterministic decision. Before, you’d need a person to check Twitter, but with Intelligent Contracts, the machine can do this on its own by searching the internet and making decisions in real time. This wasn’t possible in traditional smart contracts, which are stuck with fixed rules.
Find out what an Intelligent Contract is in this blog post.
For developers, creating new decentralized apps (dApps) will be easier than ever. With Intelligent Contracts, they can code in Python, the most popular coding language amongst software developers worldwide! But it gets even better: GenLayer supports WASM (WebAssembly), which means developers can use nearly any coding language they want. Imagine a handyman being able to use any tool to build a high-tech vending machine - hammer, wrench, hex key and many more. Mindblowing!
This flexibility allows developers to create powerful dApps that can search the web, make complex decisions, and even understand prompts in any language. They’ll be able to build apps for real-time insurance payouts, enable on-chain verification tools and undercollateralized lending.
Unlike regular smart contracts that just follow simple rules, Intelligent Contracts adapt to the dynamic world around them. Imagine using a dApp that can automatically adjust loan rates based on the latest financial news or interact with you by taking prompts like, “What’s the best stock to buy today?”
These dApps will be more intelligent because they can think, search, and process information from the real world.
One of the coolest things about Intelligent Contracts is that they can be used by any other blockchain. They’re interoperable with other blockchains. Imagine an old vending machine that has no clue about the new updated price of your favorite chocolate bar asking another high-tech vending machine for help, enabled by an underground connection cable. This means developers can use Intelligent Contracts from dApps on other blockchains, and users won’t even notice! Your favorite dApp on Ethereum, for example, can interact with GenLayer’s Intelligent Contracts and use all the intelligent features without needing to be rebuilt from zero.
All this magic happens while keeping AI decentralized. GenLayer uses multiple large language models (LLMs) to make decisions, so no single AI model is ever in control of the output. This system is much safer and more secure than relying on one central decision-maker. It’s like having a team of experts check and double-check every move made.
And because of the multi-validator system (think of it like having a jury of AIs), the chance of making mistakes or being tricked by bad actors is extremely low. This makes Intelligent Contracts a safe and reliable way to use AI on the blockchain.
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